A US$11.8 billion investment for NZ (population 4.2 million) is equivalent
to US$843 billion for the US
(population 300 million) and $59 billion for climate criminal Australia (population 21 million).

Dr Nick Smith, NZ Climate
Change Minister, 2009: “[100%
renewable electricity by 2020] would first require writing off $4.5 billion
of thermal generation assets It would also require $11 billion for the
replacement capacity of 2500 MW and an additional $2 billion for additional
renewable peaking stations to ensure security of supply in a dry year. This
amounts to a total capital cost of $17.5 billion, excluding the additional
transmission investment that would be required, and would lead to a 30% power
price increase for all consumers.” [1].